Category Archives: Financial Planning

New Developments Around the Paycheck Protection Program: The IRS Makes Deductions Decision

Paycheck Protection Program

The Paycheck Protection Program (PPP), a Small Business Administration loan intended to help businesses keep their workforce employed during the COVID-19 crisis, may actually provide fewer benefits than originally assumed. As April came to a close last week, the IRS … Read More

CARES Act: The Takeaways


A highly anticipated coronavirus aid package was signed into law by President Trump at the close of last week on Friday, March 27th. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) serves as the most extensive COVID-19 related … Read More

Tips for Setting Smart Financial Resolutions in 2020

financial resolutions

With 2020 just getting underway, many people are setting personal goals to get in shape, eat healthier and find ways to sneak in some more zzz’s. Let’s not forget the importance of setting financial resolutions critical for improving both short-term … Read More

2020 Contribution Limits for IRAs and Retirement Plans

New inflation-adjusted limits for 2020 IRA and retirement plan contributions have been released by the IRS. Contribution limits have risen slightly for 2020, and income thresholds have increased as well. If you want to begin planning for your 2020 contributions … Read More

Hardship Distributions for Victims of Hurricane Harvey

The IRS announced that it is allowing 401(k)s and similar employer-sponsored retirement plans to make loans and hardship distributions to victims of Hurricane Harvey and certain IMG_1020.JPGmembers of their families. IRA participants are not allowed to take out loans, but … Read More

Health Savings Accounts

Some good news – the IRS has set the limits for 2018 for Health Savings Account. You can contribute up to $3,450 for single coverage or up to $6,900 for family coverage in 2018.

Some bad news – the maximum … Read More

Savvy Retirement Saving Opportunities for The Self-Employed

SEP IRA and Solo 401(k) provide substantial retirement saving opportunities for the self-employed.

New Partnership Rules

By Jennifer Youngblood | November 28, 2016 |

On Nov. 2, 2015, President Barack Obama signed into law the Bipartisan Budget Act of 2015 (BBA).  While the main purpose of this legislation was to re-allocate funds to ensure disability recipients … Read More

Trump Presidency Signals Tax Changes

“How wonderful it is to be an American.  We have known the best of times and the worst of times.”  Maya Angelou

Donald J. Trump has been elected the 45th President … Read More

Taxpayers’ Guide to Required Minimum Distributions

Tax Saving Opportunities to Qualified Charitable Organizations

If you are a taxpayer over 70 ½ years of age, who makes donations to charitable organizations, you might consider contributing directly from an IRA. By doing so, you may remove existing income … Read More

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